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Question 6 of 14 - /16 View Policies Current Attempt in Progress Marin Company reported net income of $430,000 for the current year. Depreciation recorded
Question 6 of 14 - /16 View Policies Current Attempt in Progress Marin Company reported net income of $430,000 for the current year. Depreciation recorded on buildings and equipment amounted to $89,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $21,500 $17.500 Accounts receivable 17,500 33,000 Inventory 55,500 64,000 Prepaid insurance 7,600 6,400 Accounts payable 11.600 19.000 Income taxes payable 620 1.120 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - signeg. -15,000 or in parenthesis eg. (15,0001) MARIN COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to $
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